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843890 (Harmonized System 1992 for 6-digit)

2022
World Trade $3.9BRnk 947 / 4648
2022
Top Exporter | Top Importer $696M | $544MNetherlands | United States
2022
Product Complexity 0.58Rnk 1501 / 4653
2021 - 2022
Export Growth (CAGR) 5.23%Rnk 2198 / 4648
2022
Share of World Trade 0.016%Rnk 947 / 4648

About

Overview This page contains the latest trade data of Industrial machine parts, food, drink preparation. In 2022, Industrial machine parts, food, drink preparation were the world's 947th most traded product, with a total trade of $3.9B. Between 2021 and 2022 the exports of Industrial machine parts, food, drink preparation grew by 5.23%, from $3.71B to $3.9B. Trade in Industrial machine parts, food, drink preparation represent 0.016% of total world trade.

Industrial machine parts, food, drink preparation are a part of Industrial Food Preperation Machinery.

Exports In 2022 the top exporters of Industrial machine parts, food, drink preparation  were Netherlands ($696M), Germany ($516M), Italy ($432M), United States ($367M), and China ($222M).

Imports In 2022 the top importers of Industrial machine parts, food, drink preparation were United States ($544M), Germany ($283M), Netherlands ($189M), France ($186M), and Canada ($147M).

Ranking Industrial machine parts, food, drink preparation ranks 1501st in the Product Complexity Index (PCI).

Description Industrial machine parts are used to make other items such as cars, airplanes, buildings, etc. Food and drink preparation includes preparing food and drink for those to consume.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Industrial machine parts, food, drink preparation. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Netherlands$696M
Top Destination (2022)United States$544M

In 2022 Industrial machine parts, food, drink preparation were the world's 947th most traded product (out of 4,648).

In 2022, the top exporters of Industrial machine parts, food, drink preparation were Netherlands ($696M), Germany ($516M), Italy ($432M), United States ($367M), and China ($222M).

In 2022, the top importers of Industrial machine parts, food, drink preparation were United States ($544M), Germany ($283M), Netherlands ($189M), France ($186M), and Canada ($147M).

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Exporters of Industrial machine parts, food, drink preparation (2022)
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Importers of Industrial machine parts, food, drink preparation (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$70.1M
Top Destination Growth (2021 -  2022)United States$76.2M

Between 2021 and 2022, the exports of Industrial machine parts, food, drink preparation grew the fastest in United States ($70.1M), China ($56.1M), Switzerland ($40.5M), Brazil ($18M), and India ($17.7M).

Between 2021 and 2022, the fastest growing importers of Industrial machine parts, food, drink preparation were United States ($76.2M), Belgium ($21.2M), Canada ($20.8M), Germany ($14.4M), and Tanzania ($12.6M).

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Exporters of Industrial machine parts, food, drink preparation (2021 - 2022)

Importers of Industrial machine parts, food, drink preparation (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Industrial machine parts, food, drink preparation.

In 2022, market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Industrial machine parts, food, drink preparation are explained by 20 countries.

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Value of Exports in Industrial machine parts, food, drink preparation

Net Trade

TOP NET EXPORTER (2022)Netherlands$507M
TOP NET IMPORTER (2022)United States$177M

This map shows which countries export or import more of Industrial machine parts, food, drink preparation. Each country is colored based on the difference in exports and imports of Industrial machine parts, food, drink preparation during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Industrial machine parts, food, drink preparation were Netherlands ($507M), Italy ($338M), Germany ($234M), China ($136M), and Denmark ($105M).

In 2022, the countries that had a largest trade value in imports than in exports of Industrial machine parts, food, drink preparation were United States ($177M), Canada ($98.8M), Russia ($96.1M), Belgium ($72.5M), and Mexico ($67.1M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Industrial machine parts, food, drink preparation.
It is possible to select the main countries that export or import Industrial machine parts, food, drink preparation in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Industrial machine parts, food, drink preparation by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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